12 2 STA T .386 1 PUBLIC LA W 11 0– 3 4 3 —O CT. 3 , 2008 (b)EXTENSIO N .— ( 1 ) I N G ENE RAL .— Section46 11( f )( r e la tin g toa p plication of O il Spill L iabilit yT r us t F un d financing rate) is a m ended by stri k ing paragrap h s( 2 )and( 3 ) and inserting the follo w ing new paragraph
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‘(2) TER M INATION.—The Oil Spill Liability Trust Fund financing rate shall not apply after D ecember 31 , 2 0 1 7 . ’ ’. (2) C ON F ORMING AMEN D MENT.—Section 4611(f)(1) is amended by striking ‘‘paragraphs (2) and (3)’’ and inserting ‘‘paragraph (2)’’. (3) EFFE C TI V E DATE.—The amendments made by this sub - section shall take effect on the date of the enactment of this A ct. DIV I S I ONC—TAXE XTENDE R S AND A L TERNATIVE M INIM U M TAX RELIE FSEC.1 . S HORT T I T L E
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E ND MENT O F 1 986 CODE; TA B LE OF CON - TENTS. (a) S H ORT TITLE.—This di v ision may be cited as the ‘‘Ta x Extenders and Alternative M inimum Tax R elief Act of 200 8 ’’. (b) AMENDMENT OF 1 9 86 CODE.—Except as otherwise expressly provided, whenever in this division an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. (c) TA B LE OF CONTENTS.—The table of contents of this division is as follows: Sec.1 . S hort t i t l e
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e nd ment o f 1 986C ode; ta b le of content s . TI T LE I —A LTE RN ATI V E M INIM U MTA X RELIE F Sec. 1 0 1.E x tension of alternati v e minim u m tax relief for nonrefundable p ersonal credits. Sec. 10 2 . Extension of increased alternative minimum tax exemption amount. Sec. 10 3 . Increase of AMT refundable credit amount for individuals w ith lon g- term unused credits for prior y ear minimum tax liability , etc. TITLE II—EXTENSI O NOFIN D IVIDUAL TAX P ROVISIONS Sec. 201. Deduction for State and local sales taxes. Sec. 202. Deduction of q ualified tuition and related expenses. Sec. 203. Deduction for certain expenses of elementary and secondary school teach- ers. Sec. 20 4 . Additional standard deduction for real property taxes for nonitemi z ers. Sec. 20 5 . Tax-free distributions from individual retirement plans for charitable pur- poses. Sec. 206. Treatment of certain dividends of regulated investment companies. Sec. 20 7 . Stoc k in RIC for purposes of determining estates of nonresidents not citi- zens. Sec. 208. Q ualified investment entities. TITLE III—EXTENSION OF B USINESS TAX PROVISIONS Sec. 301. Extension and modification of research credit. Sec. 302. New markets tax credit. Sec. 303. Subpart F exception for active financing income. Sec. 304. Extension of look-thru rule for related controlled foreign corporations. Sec. 305. Extension of 15-year straight-line cost recovery for qualified leasehold im- provements and qualified restaurant improvements; 15-year straight- line cost recovery for certain improvements to retail space. Sec. 306. Modification of tax treatment of certain payments to controlling exempt organizations. 26USC1note.TaxE xten d e rs and Al ternat iv e M ini mu m Tax R elie f A c t of2 0 0 8 . 26 USC 4 611 note. 26 USC 4611.
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